| Minimum Balance | Annual Fee | Internet Banking | Features | |
|---|---|---|---|---|
Bank Nizwa - Savings Account
|
Minimum Balance: KWD 0 | Annual Fee: KWD 0 | Internet Banking: No | Features: Savings Account |
The Easy Way to Save!
Our savings accounts serve as the basic tool when it comes to investing and growing your funds with the principles of Mudaraba and earn returns on the principle of profit sharing, while you can enjoy the benefits of everyday banking.
Features & Benefits:
Our savings accounts serve as the basic tool when it comes to investing and growing your funds with the principles of Mudaraba and earn returns on the principle of profit sharing, while you can enjoy the benefits of everyday banking.
Features & Benefits:
- No restriction on the number of transactions
- Instant ATM card issuance
- Cash withdrawal and deposit over the counter
- Cash withdrawal through ATM
- Profit is calculated on monthly average balance of your account on monthly basis and credited to your account quarterly
- Standing instructions
- Pay orders
- Local and international remittances
- Periodic account statements
- Local ID (Omani Nationals)
- Resident ID and Passport with Visa page (Expatriates)
- Passport or Country ID (GCC Nationals)
** Calculator Definitions
Amount:
The total amount of money borrowed, also referred to as the principal amount.
Rate (%):
This is the annual interest rate on the product which is equivalent to APR, which is going to be calculated in this example.
Years:
This is the original term or length of the product, stated in years.
Effective Monthly Payment:
This is the effective monthly payment, which takes into consideration fees and other costs associated with this product. The effective monthly payment is the basis for the APR calculation.
Calculated Annual Percentage Rate (%):
The Calculated Annual Percentage Rate (APR) is determined using the annual interest rate of the product plus fees and other costs. This rate may differ from bank to bank. APR is useful when comparing two or more products with different interest rates and fee structures.
